Franklin Street Properties Corp. (AMEX:FSP) Q1 2024 Earnings Call Transcript

Steve Dumanski: Thank you, Jeff and John. And lastly, thank you for just being very patient and thorough I know that your team has been diligent on sourcing these disposition opportunities. So when you speak to potential buyers, are there any parties that are potentially looking to redevelop or convert office to multifamily?

Jeffrey Carter: This is Jeff Carter again. Steve, I appreciate the question. We — I have not had buyers specifically talking about redeveloping a property that they were looking at acquiring from us specifically for some sort of a conversion. That has not been a part of the disposition program that I’ve seen, although I read about it, around the country, it is — it seems more prominent in downtown central business districts than in suburban properties that we’ve mostly sold.

Steve Dumanski: All right. It is beneficial to hear your experience from that. I really appreciate it.

Operator: There are no further questions at this time. So I’d like to hand back to George Carter for closing remarks.

George Carter: Thank you, Gavin, and thank you for everyone for tuning into our earnings call. We look forward to our annual shareholder meeting that’s coming up in a couple of weeks, and we look forward to the next quarterly earnings call. Thank you again.

Operator: That does conclude our conference for today. Thank you for participating. You may now all disconnect.